Love's Travel Stops · 19 hours ago
Compensation Analyst III
Oklahoma City, OK
Full-time
Onsite
Senior Level
5+ years expLove's Travel Stops is a family-owned and operated business that has been fueling customers' journeys since 1964. They are seeking a Compensation Analyst III to manage and implement compensation programs, provide guidance on competitive pay strategies, and conduct statistical analysis to support business decisions.
Responsibilities
Administers compensation programs for a growing workforce for various compensation programs and other incentive programs
Acts as an internal consultant for the business, providing guidance in the area of Compensation, including competitive pay strategies, salary increase practices, bonus structures and pay for performance plans, promotion, and total compensation approaches
Conducts benchmarking of internal jobs to assign pay grades/bands and to assign bonus and long-term incentive targets while ensuring internal alignment and consistency across departments and divisions
Participates in third-party surveys to further validate pay grade placement and to also help the company stay abreast on best pay practices/trends
Assigns appropriate job titles and job levels to standardize titles across the company and develop career path opportunities for employees
Conducts advanced statistical analysis around pay grades, annual merit budgets, incentives targets, and wage compression, and can prepare executive-level reports that visually highlight key data insights that facilitate business operations and enable business leaders to make better decisions in their functional areas
Performs audits of HRIS system compensation objects to ensure jobs are assigned correct pay grades and incentive targets; works with HRIS to develop business rules and other processes to streamline collaboration between HR functions
Develops communications materials regarding annual compensation budgets, changes in compensation policies or practices, incentive plan schedules, processes and results
Develops training materials, quick reference guides, and other communication materials; may be required to facilitate training as needed to supervisors and managers across corporate and field offices
Works closely with HR business partners, business leaders, business intelligence, finance, and compensation vendors to execute compensation program design changes, as needed, to ensure alignment with company operational goals and future growth plans
Keeps apprised of federal, state and local compensation laws and regulations in order to ensure company compliance
Works closely with HR business partners and senior leaders to ensure FLSA compliance and equitable pay practices across corporate and field retail operations
Performs other duties as assigned
Qualification
Required
High proficiency in Microsoft Excel, with strong ability to analyze data and interpret statistics as well as prepare visual representations of data
Excellent verbal and written communication, negotiation and leadership attributes enabling effective direction, facilitation, communication and cooperation with all levels of the organization
Excellent quantitative and analytical skills to interpret survey data and provide cost projections for various initiatives
Solid understanding of state and federal laws and regulations relating to compensation
Strong presentation skills with ability to develop PowerPoint presentations and deliver to key audience stakeholders
Demonstrate advanced project management and organizational skills
Strong planning skills and ability to effectively manage concurrent deadlines and multiple priorities simultaneously
Strong integrity with ability to work with highly sensitive and confidential data
Preferred
A bachelor's degree in a field such as human resources, business administration or finance
5+ years of relevant work experience as a compensation admin, compensation analyst, commissions analyst, total rewards analyst, or in a similar role
Previous work experience using Success Factors compensation module
Experience with external market analysis and thorough understanding of market data interpretation
Experience in compensation plan design and delivery strategies in a retail or customer facing environment
Experience with commission plan design, bonus plan design, and executive compensation
A Certified Compensation Professional designation may be considered in lieu of the preferred work experience
Benefits
Company funded tuition assistance program
Paid Time Off
Flexible Scheduling
401(k) – 100% Match up to 5%
Medical/Dental/Vision Insurance after 30 days
Competitive Pay
Career Development
Company
Love's Travel Stops
Founded in 1964 by Tom Love, Love’s Family of Companies is headquartered in Oklahoma City, and remains entirely family-owned and operated.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Brianna Hubbard, SHRM-CP
HR Business Partner
Derek Rusinek
Field Employee Relations Partner
Company data provided by crunchbase